Holding in Company

Xaar PLC
29 March 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

XAAR PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

OLYMPUS OPTICAL CO., LTD

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

IN RESPECT OF 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

AS PER 2

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

-

7)   Number of shares/amount of stock disposed

-

8)   ( N/A %) of issued Class

-

9)   Class of security

10P ORDINARY SHARES

10)  Date of transaction

-

11)  Date company informed

29 MARCH 2001

12)  Total holding following this notification

-
              
13)  Total percentage holding of issued class following this notification

-

14)  Any additional information

OLYMPUS OPTICAL CO., LTD NO LONGER HOLD A SUBSTANTIAL SHAREHOLDING IN XAAR PLC

15)  Name of contact and telephone number for queries

C N MACLEOD FINANCE DIRECTOR     01223 423663

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .29 MARCH 2001.................